Multi Family at 194 Pavilion Avenue, Providence
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34 photos

$584,000

194 Pavilion Avenue
Providence, RI 02905
Listed by Lissette Guzman
Bedrooms
4
Bathrooms
2
Living area
N/A
Year built
1930

About this home

Excellent investment opportunity! Well-maintained two-family property, ideal for both investors and owner-occupants looking to live in one unit while generating rental income from the others. This property features a total of 4 bedrooms and 3 full bathrooms, distributed among two spacious units, each offering 2 bedrooms and 1 full bathroom. Additional highlights include hardwood floors, gas heat, a fenced yard, and a paved driveway with parking for up to 8 vehicles. Two newer boilers were installed approximately 2 years ago, and the water tanks were recently replaced in May 2026. The property also includes leased solar panels with a monthly payment of approximately $190. Conveniently located near major highways, schools, shopping, and public transportation, this property offers strong rental income potential and an outstanding opportunity to build long-term wealth through real estate. The house has solar panels, they are on a lease and are assumable. Monthly payment $189. House is back on the market due to buyer's financing.

Property details

MLS
Rhode Island Association of REALTORS
MLS #
1416818
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
17
On market date
July 1, 2026
Stories
3
Total bathrooms
2
Garage spaces
2
Parking spaces
8
Lot size
0.09 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Cornel Young & Charlotte Woods
0.1 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
572
Student:teacher ratio
14.7:1
District
Providence
Middle
Roger Williams Middle
0.22 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
735
Student:teacher ratio
13.6:1
District
Providence
High
W B Cooley & Acad Internationa
0.23 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
319
Student:teacher ratio
11.4:1
District
Providence

Walkability

Blended score for Providence's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

85
Highly walkable
out of 100
EPA National Walkability Index
17.0 / 20 -- Most walkable

Market position

How this listing compares to current activity in Providence, from live MLS data.

On the market 17 days -- 25 fewer days than Providence's current average of 42 days.
For reference, the median list price across 1,455 active listings in Providence right now is $449,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
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Est. monthly payment
$3,667/mo
$116,800 down
$467,200 loan
Principal & interest$3,030
Property tax (est.)$487
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated July 19, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.